Accounting in Organisations and Society introduces you to the role of accounting information in business and more broadly, in society. In this course you will learn the basic principles underlying the production of financial information and its use in decision-making by various user groups including managers, shareholders, lenders and investment analysts. The course depicts accounting as the language of business communication. Accounting in Organisations and Society is a compulsory core course in the Bachelor of Business suite of degrees, and is also a pre-requisite for more advanced courses in accounting.

Objectives/Learning Outcomes/Capability Development

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On successful completion of this course you will be able to:

Apply basic principles of financial accounting, management and finance in professional practice.

Apply ethics of business, corporate governance, and corporate social responsibility (CSR) in decision making practices in industry, and professional practice.

Reflect on financial information used in a business context and apply this in decision making practices in industry, and professional practice.

Interpret business reports and accounting information to support and inform business decision-making processes.

Analyse financial information to inform investment decision making.

Overview of Learning Activities

In this course you will be encouraged to be an active learner. Your learning will be supported through various in-class and online activities comprising individual and group work. These may include quizzes; assignments; prescribed readings; sourcing, researching and analysing specific information; solving problems; conducting presentations; producing written work and collaborating with peers on set tasks or projects. Learning activities will include:

You will be required to engage in certain learning activities (e.g. prescribed reading, completion of exercises and preparation of discussion questions) prior to attending class each week. This ensures that valuable discussion, extension of concepts and issues requiring clarification can be attended to in class time.

Overview of Learning Resources

Various learning resources are available online through myRMIT /Blackboard. In addition to topic notes; assessment details and a study schedule you may also be provided with links to relevant online information; readings; audio and video clips and communication tools to facilitate collaboration with your peers and to share information. Resources are also available online through RMIT Library databases and other facilities. If you require assistance with the RMIT library facilities contact the Business Liaison Librarian for your school. Contact details for Business Liaison Librarians are located online on the RMIT Library website. Additional resources and/or sources to assist your learning will be identified by your course coordinator will be made available to you as required during the teaching period.

Overview of Assessment

The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows:

Assessment Task 1: 20% Linked CLOs: 1

Assessment Task 2: 30% Linked CLOs: 2, 3, 4

Final Examination: 50% Linked CLOs: 1, 2, 5

Feedback will be provided throughout the semester in class and/or in online forums through individual and group feedback on practical exercises and by individual consultation.